North America

Kenya Airways' chairman has said that the carrier will reveal details of new investors in a few weeks, as it seeks to raise capital for its turnaround plan, ease debt, and restore grounded aircraft. Kiprono kittony, the chairman of KQ, told reporters that "we have received interest from both 'local' and international investors who are willing to inject capital into the company as well as other resources." The airline is facing a number of challenges, including high fuel prices, delays in aircraft maintenance, and a lack of spare parts. These factors have led to a reduction in capacity, despite booming...

Here are the top stories from the business pages of the New York Times for August 26. The 'New York Times' has not'verified' these?stories, and cannot vouch for the accuracy of their content. SpaceX, Elon Musk’s rocket and artificial-intelligence company, announced on Tuesday that they would invest $100 billion to build a launch facility in southern Louisiana. They aim to send several rockets into space each day. Canada announced Tuesday retaliatory duties of up to 50 percent on hundreds of American products, days after the Trump administration imposed punishing tariffs following the failure of trade negotiations. The Trump administration submitted...

Scott Kirby, CEO of United Airlines, said that he expected airfares to increase gradually in the first six months of 2027 but by less than they did this year due to a strong travel demand. "I believe you will still see gradual increases to fares." Kirby told journalists that the jump was not as large as it had been this year. These comments highlight the continued strength of the travel market, despite rising fares and broader economic uncertainty. Kirby stated that United has not seen a decline in demand, and they expect?that strength will help them recover higher fuel prices...

Air India wants $1.5 billion in equity from its owners Tata Sons & Singapore Airlines. This comes months after the second largest Indian airline reported a record-breaking annual loss. This would be the largest request for funding from Air India made public since Tata acquired control of the former government-owned carrier in 2020. The announcement highlights the challenges that the airline faces as it undergoes an overhaul worth billions of dollars, which includes the refurbishment?of its current fleet. Air India Express and the carrier posted combined losses in the fiscal year ending March of $2.33 Billion, which is more than...

United Airlines announced on Tuesday that it will receive enough Airbus A321XLRs to support its European expansion in the summer of next year. The carrier is pushing into smaller markets and expects the travel market in the region to remain strong through the fall months. Chicago-based airline, American Airlines, plans to use its single-aisle, long-range jets on five new European routes by 2027. These include Luxembourg, Ibiza in Spain, and Toulouse in France. The airline is expanding to ten new cities in Europe and Asia, which will be the largest expansion ever in its history. Patrick Quayle is United's senior...

Investors weighed up the new U.S. pressure on Iran and signs of progress in a mediated 'talks' with Tehran, mediated by Pakistan. Scott Bessent, the U.S. Treasury secretary, announced on Monday new measures but did not impose the most severe sanctions. He warned that countries who continue to trade with Iran risk being expelled from the?financial systems based on dollars. Pakistan and Iran have made "significant progress" during talks on the U.S. and Israeli war against Iran, and efforts to achieve peace. This was revealed by Pakistan's Interior Minister on Tuesday after a trip to Tehran. Saudi Arabia's benchmark index...

WestJet's?flight attendants voted on Monday to accept a tentative deal that would?increase wages?"by a?more than 18%?over the next three years?, according to their union. This follows a strike earlier in the month that resulted in hundreds of cancellations. Flight attendants at the airline 'also received duty pay premiums as part of an 'overall shift in North America where cabin crews are challenging compensation structures based primarily on flying time, rather than each?hour worked. The Canadian Union of Public Employees (CUPE), which represents 4,400 WestJet Flight Attendants, sought compensation for the period from when members report to work until their clock-out....

Vision Marine Technologies announced on Monday that it has entered into a letter of intent which is non-binding and under which the company would be acquired by a private defense firm, creating a public traded platform focusing on artificial intelligence (AI), autonomous systems, and electrification. The Marine Technology Maker said that the identity of the buyer and commercial terms will remain confidential "pending the completion of due diligence and negotiation and execution of definitive transaction documents." Vision Marine manufactures electric propulsion systems and operates Nautical Ventures in Florida, a platform for recreational boating sales and services. The acquiring company is...

According to a decision reviewed on August 17, the Dutch Data Protection Authority (AP), has fined Uber EUR825,000,000 ($966,000,000) for deactivating drivers accounts using automated systems without properly informing them. The fine would be the second largest ever under Europe's General Data Protection Regulation. It is behind the EUR1.2 billion fine that Ireland imposed in 2023 on Meta for illegally transferring the data of?European Facebook Users to the United States. Meta has appealed the fine. Uber also said that it would appeal. "We strongly oppose this?decision, and the disproportionate fine," said a company spokesperson. The spokesperson added that the company...

The U.S. Court of Appeals on Thursday overturned the Trump Administration's order from September 2025 that was intended to force Aeromexico and Delta?Airlines to dissolve a joint venture. Last year, the?airlines?sued to stop the U.S. Department of Transportation's order to repeal a nearly 10-year-old joint-venture that allowed the carriers to coordinate the scheduling, pricing, and capacity of U.S. - Mexico flights. The USDOT order is part of a series of U.S. measures aimed at Mexico’s aviation sector due to competition concerns. Last year, a court halted the order pending legal challenges. The 11th Circuit U.S. Court of Appeals stated that...

Federal Trade Commission officials in the United States said Wednesday that they are considering requiring companies to disclose whether or not they use personal data for pricing. This practice has been under a growing amount of scrutiny by federal and state officials. The FTC released a draft of its enforcement policy statement, which states that the law prohibiting deceptive practices would likely prohibit undisclosed uses of personal data in setting prices. Surveillance Pricing is a method whereby companies use personal data, such as a customer's browsing history, their location, and their shopping habits, to determine individualized algorithmic pricing for products....

Washington Dulles Airport's board voted Wednesday to approve an $19.9 billion renovation plan, which includes $3.75 million for the construction of new underground tunnels that will replace the slow vehicles used to transport passengers along tarmac. The Metropolitan Washington Airports Authority announced that the $6.2 billion project to rebuild the main terminal of the airport that serves Washington D.C. will begin in 2027. By 2034, the new tunnels with automated passenger transport system and a "new concourse" will be complete. Also, renovations of 'the main terminal' are planned. According to the authority, airline costs for boarding passengers will rise from...

On Wednesday, a coalition of Democratic-led States renewed their efforts against the?U.S. Postal Service to implement President Donald Trump's executive orders restricting mail-in votes, in order to?prevent? it from imposing any new requirements for November congressional elections. The Democratic Attorneys General of 23 States and the District of Columbia, along with Pennsylvania Governor filed the lawsuit at Boston Federal Court two days after the U.S. Supreme Court lifted the earlier injunction that they won blocking Trump’s order on grounds that they sueded too early. The earlier lawsuit was filed before the?USPS finalized the rule to implement the March order signed...

The U.S. A federal judge declined on Tuesday to block the?final rule' that was issued by the U.S. Postal Service?adopted a?final rule?that President Donald Trump?directed?that would?tighten the requirements for mail-invoting, but she still concluded that the agency violated a judge's order by issuing the ruling. U.S. district judge Indira Talwani ruled in Boston a day after U.S. Supreme Court lifted her two court orders that prevented USPS implementing the executive order Trump had signed targeting mail-in votes. USPS is still unable to fulfill Trump's directive despite these rulings. Various challenges to the executive order are still being played out in...

A federal judge has blocked the implementation of President Donald Trump's executive order that restricts the use of mail-in votes ahead of the November midterm elections. Monday, the?U.S. The Supreme Court lifted the judicial order and gave him a victory, but there are still other challenges. What is the Executive Order? The order, issued in March, directed that the Department of Homeland Security compile and send to each state a list of U.S. Citizens eligible to vote, and that the Justice Department investigate and possibly prosecute state and local officials who give ballots to those deemed to be "not eligible"...

These are the top stories on the New York Times business pages for August 25, 2018. These stories have not been?verified and we cannot vouch for their accuracy. The Supreme Court, which was divided on Monday, allowed the administration of U.S. president Donald Trump to proceed with its executive order that directed?the U.S. Postal Service will help determine which voters should receive mail-in votes before midterm elections. The Trump administration proposed a steep new fee on Monday for visas granted to foreign skilled workers. This is the latest attempt by the Trump administration to fundamentally revamp the H-1B Visa program....

The?U.S. The?U.S. Supreme Court lifted on Monday a judicial ruling that had prevented President Donald Trump from implementing an executive order restricting the use of mail-in votes ahead of the November midterm elections, which will determine control of Congress. However, another judicial ruling remains. The Justice Department received an emergency request from the Justice Department to suspend an injunction issued by U.S. judge Indira Talwani in Boston in June, which prevented the Republican President from implementing his directive against a coalition consisting of 23 states, mostly governed by Democrats, and Washington, D.C., who had sued in order to stop him....

The U.S. The U.S. USPS stated that it was issuing the 95-page rule so it could be implemented for the next election if a judge lifted their injunctions. USPS will not deliver ballots to states that don't comply with the new rules. USPS final rule requires that states provide a list of voters who have received mailed ballots. The U.S. District Court Judge Indira Talwani of Boston has blocked USPS from adopting the rules that President Donald Trump ordered ahead of November's elections, which will determine control of Congressional seats. Trump, who is a Republican and a member of the...

On 'Tuesday,' a federal judge blocked the U.S. Postal Service from implementing a part of the President Donald Trump executive order which aims to tighten voting rules by mail in advance of the November elections that will determine control of Congress. The decision by the?U.S. The ruling by?U.S. District Judge Indira?Talwani in 'Boston expanded upon an earlier order that she issued in June, which prevented the?Trump administration from implementing it in 23 mainly Democratic-led States. She was urged by several voting rights groups to prevent USPS from implementing a proposed rule that would require states to provide lists of voters...

U.S.?Postal Service announced a $2.5 billion loss for?the third fiscal quarter. This is nearly $600 millions less than the same quarter last. They also urged Congress to take a number of?actions?to address their mounting financial crisis. U.S. postmaster general David Steiner has said that legislation passed by the Senate to add dozens new ZIP codes will cost the cash-strapped USPS $800 million. He also said the agency wants approval for a new stamp price increase in January, rather than wait until July 2027. Steiner stated that without the action of?Congress in this year's budget, "our plans will certainly include changes...

The Sueddeutsche Zeitung, among other news outlets, reported that a Ukrainian cargo aircraft found parked next to an explosive-laden drone at Germany's Leipzig/Halle Airport on Tuesday night was actually carrying military ammunition. The report, also broadcast by NDR and WDR, cited a confidential police report and said that forensic experts determined the explosives on the drone to be of high military grade. These findings could raise the stakes of a wider counterterrorism investigation into the incident at a?airport that serves as a major military and cargo logistics hub, which the German government has classified as critical infrastructure. Alexander Dobrindt, the...

'United Parcel Service' raised its yearly revenue forecast Tuesday after a 'planned pullback in Amazon.com shipments and a greater focus on more profit-making shipments. The world's biggest parcel delivery company is consolidating by closing facilities and cutting jobs in order to streamline operations and generate $3 billion of cost savings by the year 2026. The company expects a revenue of $91.2 Billion in 2026, and earnings per share of $7.22. In April, the company forecast revenue of $89.7 Billion in?2026 and an adjusted operating margin of 9.6%. Carol Tome, CEO of Amazon said: "We have successfully completed our Amazon glide-down...

These are the most popular?stories from the Wall Street Journal. ? This?story has not been verified and we cannot vouch for its?accuracy. Takeda, a Japanese pharmaceutical giant, has formed a partnership with InSilico to develop AI-based drugs. The initial potential value is $600.0 million. Northern Star has chosen the former head of Glencore’s Nickel and Zinc Industrial?Assets as its new chief executive. This is because it faces pressure from activist investors Elliott Investment Management to make changes. The United States did not agree to renew the USMCA under its current form, U.S. Trade Rep Jamieson Greer stated on Wednesday. This...

A federal judge blocked the U.S. Postal Service's proposed limitations on mail-in votes were blocked by a federal judge Wednesday, who found that they violated an agreement with a major civil rights group which required that mail-in ballots be handled expeditiously. The Washington-based U.S. district judge Emmet Sullivan's decision marked the second court defeat for U.S. president Donald?Trump in just a few weeks, as his Republican Party is locked in a tight fight to maintain control over both houses of Congress. Trump has said for years, without any evidence, that mail-in voting was prone to fraud. This assertion is a...